The days on the market (average) are 53 days, and single-family homes in Dallas sell almost 10% faster than a year ago. Active listings for single-family homes in Dallas are down 14.8% year-on-year. Clever's concierge team can help you compare local agents and negotiate better rates. Clever's concierge team can help you compare local agents and find the best expert for your search.
The Dallas real estate market is currently booming and timing is everything when it comes to getting a good deal on your home. Read our guide to when is the best time to sell your house in Dallas. So, you're thinking about selling your house in Dallas, but when exactly is the best time to sell your house? Due to seasonal fluctuations in demand, time is a very important factor and should not be overlooked if you want to get a good deal on your property. Listing your home at the ideal time could help you sell quickly and at a price you're excited about.
Trying to time the market for the most optimal result can seem overwhelming, where do you start? That's why it's so important to partner with a high-performing local real estate agent you can trust for the job. Here's What You Need to Know About the Best Time to Sell in Dallas. Dallas has become a popular place to buy real estate and, for good reason, this city is full of opportunities to find well-paying jobs with a lower cost of living. There are several reasons why the Dallas real estate market is increasing: the cost of running a business is much lower, taxes are lower and the quality of life is certainly higher, which is why people flock to Dallas, causing a boom in the area's labor market.
In terms of annual home value appreciation, Dallas's housing market is even expected to surpass the nation's this year and, given the current appreciation rate, it wouldn't be a surprise to see the average home price in Dallas rise between 7% and 10% over the next year. If you're looking for even more guidance on when to put your house on the market, studies show that the most optimal date to list your home for sale in Dallas is May 9. Yes, they have it done up to date for you. Not ready to sell your house on that exact date? Don't worry; studies also determined the ideal day of the week to list your house for sale, which is any given Saturday.
Listing your home for sale on or near the weekend will help maximize the number of times your home is viewed on Zillow during the first few days of publication. The most homebuyers will see a particular ad during their first week on the market, and capturing the anticipated interest in their home as soon as possible will increase the likelihood of a quick sale. Dallas is ranked as one of the country's top destinations for shoppers (second only to Florida). This may not necessarily be good news for you as a seller; with all that competition, you may find it difficult to make your home stand out from the sea of other advertisements.
Luckily for you, we have a few tricks up our sleeves to make your home stand out in the eyes of buyers. Location is key if you want to attract more offers and sell quickly. Dallas buyers are looking for homes near their jobs. If you're near a large building complex or live in Uptown (an area popular with millennials and those with empty nests), be sure to mention it in your ad to gain more interest.
When establishing an optimal sales price for your home in Dallas, a good starting point is to do a Comparative Market Analysis (CMA), which compares current, expired and sold similar listings in your area, in an effort to set an effective price for your home and receive the best price. A great way to attract more offers to your property at a faster rate is to invest in repairs and renovations. Choose wisely what you think is worth upgrading. You'll need to consider the benefits of allocating money to every smart home improvement, since the value must exceed the money invested in it.
First of all, you'll want to fix any structural problems your home may have, such as repairing a faulty roof. Although it's expensive, that's a repair you'll need to invest in to sell your house quickly. Obvious structural problems will lower the value of your home and may even prevent it from being sold. First impressions carry a lot of weight for prospective homebuyers.
Make sure you have great curb appeal before showing off your house; if your walls require a fresh coat of paint, it's a minor repair that you can easily do and potential buyers will notice. Focus on the kitchen; people spend a lot of time cooking and possibly eating in that room, so make sure it feels homey. Paint worn-out cabinets clean white; this will help your kitchen feel larger and open to potential buyers. You should also replace the handles and knobs on old cabinets and, if your faucet looks a bit dated, replace them as well.
To maximize the profits from the sale of your home, you'll need to do more than program the market accordingly. There are a lot of factors to consider, and you should make sure you're doing everything you can to get the best possible price, discovering cost-saving opportunities along the way. Experienced real estate agents play a vital role in helping you achieve your goal of selling your home for the best price. Simply complete the online form; a Clever representative will contact you shortly to answer your questions and contact a local associate agent for a no-obligation consultation.
Enter your zip code to see if Clever has an associate agent in your area. If you don't like your Clever associate agent, you can request a meeting with someone else or shake hands and go in a different direction. We offer this because we're sure you'll love working with an intelligent partner agent. In Dallas, large apartment buildings and single-family homes account for the vast majority of the city's housing stock, and small apartment buildings account for the majority of the remaining properties.
The number of active listings in Dallas-Fort Worth increased 59% to 18,378 homes because properties are on the market and selling less quickly. Home prices in North Texas and across the country have increased significantly in recent months as demand for housing increases. Dallas home prices have risen 29% over the past three years, despite these increases in home prices, they remain competitive for investment properties and further increases can be expected over the years. According to a study conducted by Florida Atlantic University, the DFW area ranked 19th in terms of overheated housing, and homes sold an average of 31.57 percent more than they were worth.
Single-family homes account for approximately 43.51 percent of total housing units in the City of Dallas. This shows us that housing prices in Dallas are rising more rapidly than in most other cities in the country. The NSA Dallas Home Price Index S&P CoreLogic Case-Shiller measures the average change in the value of residential real estate in Dallas, given a consistent level of quality. Dallas County has experienced similar price appreciation, with home values rising 26.5% over the past twelve months.
Dallas is the seller's real estate market, which means there are more people looking to buy than there are homes available. . .